Wallets Add ZEC as Holdings Reach $91.1M
Six associated addresses now hold 65,158 ZEC after receiving about 8,605 tokens since Sept. 28, with the position valued at roughly $91.1 million.
A suspected whale-linked entity has expanded its Zcash (ZEC) position to 65,158 tokens worth about $91.1 million, adding to a large spot holding despite an estimated unrealized loss.
Six associated funding addresses received about 8,605 ZEC through three centralized exchanges beginning Sept. 28, with the funds later consolidated in batches. Two withdrawal addresses also transferred a combined 4,400 ZEC into the same consolidation wallet.
The holdings increased about 15.2% from the previous amount. Based on historical deposits, the entity’s estimated average entry price is $1,509.70 per ZEC, while the token was priced at $1,398.60 in the latest figures.
That places the overall position about $7.24 million below its estimated acquisition cost, an unrealized decline of 7.36%. The latest transfers bring the entity’s reported spot holdings to about $91.1 million.
